Recent Posts

ICAI issues Accounting Standard for Local Bodies.

ICAI issues Accounting Standard for Local Bodies

ICAI issues Accounting Standard for Local Bodies The Committee on Accounting Standards for Local Bodies (CASLB) is formulating Accounting Standards for Local Bodies (ASLBs) since March, 2005 to improve financial reporting for local bodies. So far, the Committee has issued thirteen ASLBs including one cash based ASLB that will facilitate …

Read More »

EPFO notifies 8.55% interest rate on PF for 2017-18, lowest in 5 years

EPFO notifies 8.55% interest rate on PF for 2017-18, lowest in 5 years

Retirement fund body has asked its field offices to credit 8.55 percent rate of interest for 2017-18 into the PF accounts of around 5 crore subscribers. This is the lowest rate since 2012-13. The Labour Ministry has conveyed approval of the central government to credit 8.55 per cent rate of …

Read More »